v3.26.1
Trade Accounts Payable - Schedule of Trade Accounts Payable (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Domestic    
Commodities $ 1,701,805 $ 2,404,646
Materials and services 3,212,019 3,288,007
Finished products 101,456 89,482
Present value adjustment (8,990) (8,152)
Total domestic commodities 5,006,290 5,773,983
Foreign    
Commodities 609 18,270
Materials and services 446,048 403,491
Finished products 370 2,356
Total Foreign commodities 447,027 424,117
Total trade accounts payable 5,453,317 6,198,100
Supplier financing (1)    
Domestic [1] 1,150,595 1,128,538
Foreign [1] 5,933 5,921
Total supplier financing [1] 1,156,528 1,134,459
Total $ 6,609,845 $ 7,332,559
[1] The Group engage in supply chain financing transactions with top-tier financial institutions for domestic suppliers. It is important to emphasize that, apart from a non-significant extension of payment terms, there were no operational or commercial changes to the process. The supply chain financing transaction does not impact the prices charged by suppliers, maintaining the same pricing structure as before the transaction. Additionally, this operation does not impose any financial burden on the Company and its subsidiaries, as all financial costs are borne by the suppliers.